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Segment Reporting (Tables)
12 Months Ended
Jan. 31, 2025
Segment Reporting [Abstract]  
Company's Revenue by Geographic Region Based on Bill-to Location

The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated.

 

 

Year Ended January 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Taiwan

 

$

179,324

 

 

$

119,601

 

 

$

191,692

 

Asia Pacific other than Taiwan

 

 

61,663

 

 

 

58,506

 

 

 

73,476

 

Europe

 

 

22,778

 

 

 

11,949

 

 

 

26,921

 

North America other than United States

 

 

18,074

 

 

 

25,754

 

 

 

32,901

 

United States

 

 

3,026

 

 

 

10,664

 

 

 

12,616

 

Total revenue

 

$

284,865

 

 

$

226,474

 

 

$

337,606

 

Summary of Significant Segment Expense Included in Consolidated Net Loss

The following table presents the significant segment expenses included in the consolidated net loss for the periods indicated:

 

 

 

Year Ended January 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Total revenue

 

$

284,865

 

 

$

226,474

 

 

$

337,606

 

Less cost and expense:

 

 

 

 

 

 

 

 

 

Product cost

 

 

106,237

 

 

 

83,221

 

 

 

122,046

 

Employee-related

 

 

115,188

 

 

 

110,601

 

 

 

109,444

 

Stock-based compensation

 

 

108,043

 

 

 

111,316

 

 

 

111,158

 

Chip development NRE

 

 

28,049

 

 

 

24,680

 

 

 

19,684

 

Tools & equipment

 

 

26,089

 

 

 

23,202

 

 

 

21,559

 

Professional services

 

 

14,359

 

 

 

13,012

 

 

 

13,692

 

Facilities-related

 

 

10,765

 

 

 

10,983

 

 

 

10,329

 

Other segment items (a)

 

 

1,988

 

 

 

26,713

 

 

 

(2,817

)

Interest income

 

 

(8,727

)

 

 

(7,837

)

 

 

(2,103

)

Net loss

 

$

(117,126

)

 

$

(169,417

)

 

$

(65,386

)

 

(a) The other segment items include amortization of intangible assets acquired from business combinations, non-operating (income) expenses, income tax provision (benefit) and other immaterial items.